730 Bernard Avenue, Kelowna, British Columbia, V1Y 6P5

MLS® # 10364717

Commercial For Sale In Kelowna, British Columbia

$1,488,900

None Beds

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AI altered - 730 Bernard Avenue, Kelowna, BC

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730 Bernard Avenue, Kelowna, British Columbia, V1Y 6P5

$1,488,900

Property Information:

Fantastic Downtown Investment: Prime P2 Zoned Property with Immediate Income! Positioned in an A+ central location within Kelowna’s flourishing business and tourism district, this strategic property is a developer's dream. Currently undergoing an update for the lower suites, main floor bathrooms, and main leveling floor. This is a great bonus for anyone taking advantage of this great property. It delivers an immediate return as a currently licensed, operating 12-room, 40-bed hostel with a proven revenue history prior to COVID-19. The real value lies in its exceptional versatility: P2 Zoning: Highly flexible, permitting high-demand applications like supportive housing, health services, private clubs, and diverse business ventures. Significant growth opportunities, including potential for OPC multi-family residential development. Secure your future in Kelowna’s core—this is the definitive opportunity to capitalize on a property with both turnkey income and unparalleled development flexibility. (id:27)

Building Features:

Style: Mixed
Building Type: Residential Commercial Mix
Air Conditioning: Yes
Exterior Finish: Stucco
Fire Protection: Security, Sprinkler System-Fire
Floor Space: 4000 sqft
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Forced air
Cooling Type: Window air conditioner

Property Features:

Property Type: Other
Access Type: Easy access
Amenities Nearby: Golf Nearby, Airport
Built in: 1950
Current Use: Mixed use
Features: Level lot
Floor Space (approx): 4000 Square Feet
Landscape Features: Landscaped
Lot Frontage: 50.0 Feet
Sewer: Municipal sewage system
Parking Type: Detached garage
No. of Parking Spaces: 8

Courtesy of: Engel & Volkers Okanagan

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Market Price Trends

All Properties

-7.85%

Price change (1 year)

30.12%

Price change (5 years)

Location of 730 Bernard Avenue, Kelowna, British Columbia, V1Y 6P5

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

28 hot days expected in 2050

Projected Precipitation Risk: Low

12 storms expected in 2050

Projected Heat Risk: Moderate

28 hot days expected in 2050

49/100

Moderate

ClimateCheck®

Current data

This property, 730 Bernard Avenue , experiences 7 hot days per year at around 33.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 28 hot days at 36.9 degrees Celsius.

Projected Avg. Temperature

Past

33.1℃

2050

36.9℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Low

12 storms expected in 2050

19/100

Low

ClimateCheck®

Current data

This property, 730 Bernard Avenue , experiences 11 significant 2-day storms per year, with about 140.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 12 significant 2-day storms with 153.7mm of precipitation per year.

Precipitation Per Storm

Past

140.1mm

2050

153.7mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 730 Bernard Avenue, Kelowna, British Columbia, V1Y 6P5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$119,414.24

Average Number of Children

1.43

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

7.39 %

High school certificate or equivalent

30.71 %

Apprenticeship trade certificate/diploma

10.53 %

College/non-university certificate

22.02 %

University certificate (below bachelor)

1.17 %

University Degree

28.18 %

Commuter

Travel To Work

By Car

62.3 %

By Public Transit

4.26 %

By Walking

26.46 %

By Bicycle

3.11 %

By Other Methods

3.87 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

88.17 %

Houses

11.83 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

All Properties

Location of 730 Bernard Avenue, Kelowna, British Columbia, V1Y 6P5

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 730 Bernard Avenue, Kelowna, British Columbia, V1Y 6P5

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

730 Bernard Avenue, Kelowna, British Columbia, V1Y 6P5

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing